30+ Year established Lock Smith and Safe Retailer – Motivated!
| Asking Price: | $200,000 |
| Gross Revenue: | $356,798 |
| Rent: | $1,850 |
| Established Year: | 1993 |
| Cash Flow: | $78,566 |
| Inventory: | $90,000 |
| FF&E: | $20,000 |
We are very excited to present for your consideration a 30+ year old business with a solid reputation and a lot of room for growth. This business has been great for the husband and wife owners for decades. Health reasons make them eager to move out of the state to enjoy retirement.
The asking price is close to just one times the discretionary earnings plus the inventory. We believe any SBA lender will be happy to fund this acquisition, but for this price point, we are seeking a cash offer and a fast close. Over $20K in assets are included (van included) and over $90K in inventory. We believe this business will sell quickly.
They perform all locksmith needs from re-keying commercial to residential locks, cut keys, and gain entry to your home or vehicle when you’re locked out. They also sell safes and other security items. When asked what they would do if they were keeping the business, they responded “expand into electronic key fobs and additional key cutting machines and card reader systems”. They refer these services to other companies.
They are admitted “old-school”, but it works for them and has resulted in solid revenues for decades. Expansion into new technologies can further increase their already solid market share.
Some digital marketing may also boost revenues. Currently, there is no digital advertising like google or meta-ads. This seems to be a great opportunity because if I need a locksmith, I’m immediately going to google one.
If this business interests you, please complete the online contact/inquiry form. Our system will immediately send you the NDA to sign, which can be done from your mobile phone. Upon completion, our system will send you the marketing materials that further explain this opportunity. No waiting around. After reviewing the materials, please contact us to discuss next steps which includes making a non-binding offer. At that point, if we haven’t provided enough information for you to feel comfortable making an offer, we’ll do our best to accommodate. Some things will only be available upon opening escrow and an earnest deposit. It’s not often we get this combination of solid earnings, clean financials, and a motivated seller, so act fast.
Business SQFT: 1,648 SQ FT
Zoning: Retail
